Increasing Focus on Development of Healthcare Sector to Augur Well for Global Sodium Borohydride Market

Published On : 12 Jul 2017

QYResearchReports.com has announced the addition of report, titled “Global Sodium Borohydride Market Research Report 2017,” to its vast repository. The report provides an in-depth analysis of the various important parameters of the global sodium borohydride market, including trends, opportunities, applications, and regional segmentation. It performs a detailed evaluation of the competitive landscape of the market.

Sodium borohydride is widely used as a raw material in the pharmaceutical sector and therefore, its swelling demand is stoking the growth of the market. The increasing focus of governments and several organizations across the world on the development of the healthcare industry is expected to trigger investments in the research and development of antibiotics, which in turn is likely to have a positive impact on the growth of the global sodium borohydride market. The flourishing growth of the pulp and paper industry worldwide is also working in favor of the market.

On the flip side, the increasing awareness regarding the negative effects of sodium borohydride on the human health is restricting its widespread adoption. Consumption of this chemical without conforming with safety regulations can lead to irritation in respiratory tract, eyes, and skin. However, the rising disposable income of people around the world and booming pharmaceutical industry are likely to provide significant momentum to the global sodium borohydride market in the near future.

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On the basis of product, the global sodium borohydride market is bifurcated into liquid and powder. Each segment is reviewed on the basis of price, production, revenue, growth rate, and market share. Based on application, the market is categorized into wood pulp and dyeing, metal reduction, fuel cell, and pharmaceutical. The demand for sodium borohydride is expected to remain strong in the pulp and paper industry throughout the forecast horizon. The robust growth of the industry, owing to the burgeoning demand for paper in the packaging sector, is providing a fillip to the overall market. Pharmaceutical industries will also be one of the promising end-use industries during the same period. The growth of the segment can be attributed to the rising research and development activities for the treatment and prevention of diseases.

The report divides the global sodium borohydride market on the basis of geography into Europe, North America, Southeast Asia, Japan, China, and India. North America will account for a large share in the global arena, owing to the robust growth of end-use industries such as paper and pulp and pharmaceutical. Moreover, the increasing manufacturing activities in the region are boosting the demand for sodium borohydride. India and China are anticipated to post noteworthy growth rates during the review period. The improving economic conditions and therefore, developing healthcare and pharmaceutical sectors are contributing to the growth of the countries.

Some of the prominent companies operating in the global sodium borohydride market are Jiangsu Huachang Chemical, DOW, Zhangjiagang City Jinyuan Biochemical?, Guobang Share, Montgomery Chemical, GreatAp-BLD, Kemira, Nantong Hongzhi Chemical, and Vertellus Specialities.
 


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